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April 18, 2014

Homework Help: finance and cost management

Posted by kin on Wednesday, January 23, 2013 at 2:30pm.

Diazstar corporation sells on terms of 2/10, n/30. 70% of costumers normally avail of the discounts. annual sales are $900,000. 80% of which is made on credit. Cost is approximately 75% of sales.

required:
1. average balance in accounts receivable.
2. average investment in accounts receivable.

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